Jim Cramer says this AI leader is a tough stock to own right now — what to do next

CNBC Finance

3 min read

Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. The stock market was down on Friday, with the Dow falling more than 200 points. Investors are keeping a close watch on the war in Iran. The Wall Street Journal reported that the U.S. was deploying more Marines to the region. "We are, without a doubt, hostage to events," said Jim Cramer. "If we were hostage to earnings, I think the market would be going higher." The S & P 500 Short Range Oscillator is still deeply oversold, but not as much as earlier this week. When the market is oversold, we look for buying opportunities, and found several this week . Jim explained that the market's susceptibility to sudden shifts in direction on headlines reinforces the importance of keeping a long-term view. "We're not buying and looking to flip the next day." 2. Nvidia shares dipped 1% despite a Reuters report that the chipmaker is selling 1 million chips to Amazon by the end of 2027. The stock is down about 4.5% from Monday's close. "That's just very disappointing," Jim said, especially following the rollout of positive announcements at this week's GTC conference. Long knives are out for the stock, but it doesn't matter to Jim. "I'm going to own Nvidia, but this is one of the tougher times of owning." 3. Salesforce is seeing a wave of insider buys. Williams-Sonoma CEO and Salesforce board member Laura Alber purchased about $500,000 worth of stock on Thursday. This follows another estimated $500,000 purchaseÂ on March 18 from fellow director David Kirk. "We're always looking for signals too when companies and their executive boards think that the stock is cheap," said Jeff Marks, director of portfolio analysis for the Club. Earlier this week, the company also began a record $25 billion accelerated share repurchase program. Salesforce is one of the software companies facing negative sentiment from firms like Melius, which believe AI is the death of the software industry. Jim is not quite convinced that what Salesforce does can be replicated by AI. 4. Stocks covered in Friday's rapid fire at the end of the video were: FedEx , Super Micro Computer , Dell Technologies , Chipotle , Arm Holdings , and Chevron . (Jim Cramer's Charitable Trust is long CRM, NVDA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

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Jim Cramer says this AI leader is a tough stock to own right now — what to do next

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